NO. 26


Saudi Arabia

SABIC's Profits Fall 8.4% in 1989

The Saudi Basic Industries Corporation (SABIC) in 1989 announced profits ofSR3,370mn ($899mn), down 8.4% from SR3,680mn recorded in 1988, according toSABIC's preliminary accounts. Total output of various products from the SABICgroup rose to 9.458mn tons in 1989 from 9.2mn tons in 1988, while product salesrose to 9.379mn tons from 8.7mn tons in 1988. Sales in 1989 totaled SR13,626mn.SABIC's board has recommended the...